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20121201
20121201
Search Results 0 to 9 of about 10 (some duplicates have been removed)
party and he's now putting partisan politics ahead of what is good for america. even the "washington post" is calling him out saying he has no intention to negotiate. writing: >> sean: let me repeat, the offer lacks any concessions. if you want the most recent concrete evidence of how irresponsible president obama is, you need look no further than his opening bid in budget talks. the proposal awd to republicans late yesterday courtesy of tax cheat geithner calls for the following: 1.6 trillion dollar tax increase, increasing rates on incomes over $250,000. 150 billion dollars in new public stimulus spending of which 50 billion would be spent next year. another extension in unemployment benefits, 30 billion. new power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate tax to be levied at 45% on inheritances a step even democratic senators are balking on this current is 35%. the obama offer contained no serious cuts, no serious reforms to entitlement programs and no serious proposals of tax re
into southwestern washington state, as well. we are going to see more rain today, but a stronger storm is going to move in for sunday. that one also has the potential to produce another several inches of rain. we've seen wind gusts so far up to around 60 to almost 90 miles per hour. so these are intense storms that are just hitting the west coast from seattle through portland, all the way down into sacramento, california. even stretching as far south as san francisco. we do have a lot of rain out there that way. we are looking for another 3 to 5, even isolated 6, 7, inch reports on top of what has already fallen. this is mostly a rain event, as well. although we are picking up some mountain snow, it's more or less the rain that has been the biggest issue, along with those gusty winds. elsewhere we aren't really looking at a whole lot going on across the eastern half of the country. few light snow showers possible across new england later on tonight. just making the roads a little slippery. not a whole lot of accumulation. we are also in addition to all that's going on going to see record-breaki
to act responsibly and we've got 30 days from now. what the heck is going on in washington? >> listen, the president has offered a base to start with, but it's pretty laughable. again, offering more surplus money and 1.6 trillion dollars of tax increases, that's not something that republicans can live with. but, dick, you are right we should go there with specifics and what we want to happen, but we do have a starting point from president obama. >> dick, where do you see this ending? are we going to jump over that fiscal cliff? >> i don't think so. i think the president's made an offer and i hope that republicans, responsible republicans will make a counter offer that, you know, that maybe some democrats will say is laughable and then let's get down and talk about trying to meet in the middle somewhere. there's going to have to be revenue increases, there's going to have to be spending cuts and we realize that and that's what the american people voted for in november. so i'm hoping that reason minds on both sides of the aisle may come together and that may be whistling in the dark, ba
. >>> america has a spending problem, and washington is having a problem fixing t.republicans are okay with raising more revenue, but they don't want to raise taxes to do it. democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics s
optimism for a deal seems to be fading. steve is live in washington with more. >> reporter: one month away from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the fu
washington the count reap is about to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and
right now in washington, and i was cheered to see the president's opening bid, but the consensus in washington is that we have to come up with a grand bargain, dot dot dot we have to do something with entitlements. this is the big thing. something about entitlements. i just don't understand why that's the case. the reason i don't understand why that's the case is the big problem is the rate of growth of health care costs. i think we can all agree on that, right? >> yes. >> now medicare -- the rate of growth in medicare is significantly lower than the rate of growth of health care costs in the private sector. it's doing a better job of controlling cost relative to the private sector. then we just passed a huge bill that was incredibly contentious, which is called the affordable care act. the vast majority of the legislative language of which is about controlling costs in health care over the future. so it seems to me like the reasonable thing to do is to wait four years, five years, implement the bill and see if the cost control measures that have been put it in place, fought abou
. they need 218 votes in the house. part of the art of washington politics is giving your opponents something to run against you in the next election. >> what they have to give house republicans is something they can take back to these very conservative jerry man der districts. it is not as if most people are running in swing districts. most are running in hard right districts where they can get a primary challenge. the reason you are hearing boehner ask what are you going to cut? they want the president to put some ideas on the table. all of the bad ideas, they are all coming from the republican party. they are espousing all the ideas the people hate. they want the president to put some popular ideas out there e has no incentive to do so. we are going to come back. there us a character here of the anti-tax campaign. no official leadership rule but a brutal character. yes, grover norquist. is his clout finally starting to sleep with the fishes? that's next. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] wonder what ot
wireless. same phones. same networks. half the cost. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> what you will see this week is a series of evolving lies. >> reporter: ryan ferguson's hearing here in columbia, missouri, was nothing, if not dramatic. here the two key witnesses who put ryan in prison told the judge they lied when they help convict him of murder. anboth of them told the judge they understood very well they could now be penalized heavily for having committed perjury. >> i'm possibly facing the rest of my life in prison, and that's something that i accept. and maybe, you know, i deserve that for life because i basically sold my soul to save myself. and maybe that's what i deserve. >> reporter: so did the state stand up, admit
Search Results 0 to 9 of about 10 (some duplicates have been removed)